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(SAH) Sonic Automotive complete technical analysis [charts+indicators] | Buy/Sell Sonic Automotive | (SAH) share price targets

Complete technical analysis of Sonic Automotive (SAH) by charts plus indicators, forecast predictions and share price targets for Sonic Automotive (SAH)

Sonic Automotive trades in USA in Consumer Durables sector.

Showing technical analysis as on 2024-07-02 View latest technical analysis

10 day averaged volume of Sonic Automotive is 184400

Date	Daily Closing Price	Open	High	Low	Volume
02 Tue Jul 2024	53.78	53.75	54.13	53.35	0.461 times
01 Mon Jul 2024	53.77	54.48	54.89	53.35	0.635 times
28 Fri Jun 2024	54.47	54.69	55.24	53.91	1.861 times
27 Thu Jun 2024	54.19	53.65	54.25	53.08	0.658 times
26 Wed Jun 2024	53.68	53.58	54.12	53.15	0.735 times
25 Tue Jun 2024	53.96	55.22	55.22	53.75	0.866 times
24 Mon Jun 2024	55.42	54.42	56.22	54.34	0.883 times
21 Fri Jun 2024	54.74	55.36	55.60	54.48	2.307 times
20 Thu Jun 2024	55.44	56.56	56.58	54.70	0.755 times
18 Tue Jun 2024	57.02	57.38	57.84	57.01	0.65 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 54.4, but if it comes above 54.4, then a intra day buy could be more profitable.
If you take a sell trade below 54.4, then use 54.4 as stoploss and 52.6 as target. However if you take a buy trade in stock , then use 54.4 as stoploss and 55.88 as target.

Share price targets for Sonic Automotive (SAH)

Target Type	Value
Downside Target	47.82
Downside Target	50.82
Downside Target	53.08
Upside Target	54.48
Upside Target	56.22
Upside Target	57.44
Upside Target	57.84
Upside Target	60.08
Upside Target	60.59
Upside Target	64.68

Intraday share price targets for Sonic Automotive (SAH)

Target Type	Value
Downside Intraday Target	53.12
Downside Intraday Target	52.47
Upside Intraday Target	54.66
Upside Intraday Target	55.55
Upside Intraday Target	54.01

Weekly technical analysis of Sonic Automotive (SAH)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Tue Jul 2024	53.78	54.48	54.89	53.35	0.219 times
28 Fri Jun 2024	54.47	54.42	56.22	53.08	1.347 times
21 Fri Jun 2024	54.74	57.38	57.84	54.48	2.725 times
18 Tue Jun 2024	57.02	55.84	57.84	55.41	0.279 times
14 Fri Jun 2024	56.19	57.18	60.08	54.93	1.124 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Sonic Automotive (SAH)

Date	Monthly Closing Price	Open	High	Low	Volume
02 Tue Jul 2024	53.78	54.48	54.89	53.35	0.057 times
28 Fri Jun 2024	54.47	57.21	60.08	53.08	0.943 times
31 Fri May 2024	56.67	57.71	60.59	54.58	0.642 times
30 Tue Apr 2024	57.84	56.98	64.68	47.82	1.446 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Sonic Automotive (SAH)

Price action analysis of Sonic Automotive ( (SAH) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Sonic Automotive ( (SAH) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Sonic Automotive ( (SAH) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Sonic Automotive ( (SAH) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Sonic Automotive stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Sonic Automotive in short term and the sell signal is strong.

Sonic Automotive Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Sonic Automotive in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Sonic Automotive is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 54.66 and Sonic Automotive (SAH) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Sonic Automotive (SAH) stock. Volume based technical analysis of Sonic Automotive (SAH) stock is negative.

Sonic Automotive Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.